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115 sats \ 1 reply \ @mega_dreamer OP 2 Nov \ parent \ on: Predyx Market Creation Guide (Plain English) oracle
Hey @Undisciplined - thanks for the feedback, sorry it took me a while to respond. Have been busy with some super critical technical stuff for Predyx.
For binary markets, it would be nice if we could modify the "Yes"/"No" categories. In particular, I'm thinking about predicting game outcomes and "Bills"/"Chiefs", for instance, are clearer labels than "Yes"/"No".
Yes its in our roadmap, we'll implement it after some major architecture changes we've been implementing currently to overcome the in-game live HFT trading. @Team_Predyx Please prioritize this feature.
There ought to be a way to make the markets "heavier" as more shares are purchased: i.e. liquidity should increase as more shares are purchased because more information is being factored in.
Yes - we're working on over-hauling our AMM algo. Currently we use LMSR and this is a limitation of LMSR where liquidity is constant irrespective of volume. While LMSR was a great way to bootstrap Predyx, it has served its purpose with thinly traded markets in the early days of Predyx. It's time to move on to more complex AMM.
We're working on UniSwap style AMM. We're treating YES-NO as asset trading pair just like BTC-USD trading pair. Its pretty fascinating.
I'm 100% sure that our new AMM algo will blow your mind away 😇
Something different needs to be done in cases where multiple people are buying/selling shares at the same time. It's not right to quote a price per share and then have that change unilaterally midtransaction.
Currently we only offer spot price trading thus such issues. This will be fixed when we introduce limit orders. All your trades will be treated as limit orders. The Spot orders will be basically limit order with current price. We'll start working on limit orders in month or so.
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0 sats \ 0 replies \ @Undisciplined 23h
Very cool!
I'm glad you have a plan to keep spot orders. The simplicity of them is very user friendly.
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